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Old 09-14-2014, 01:41 PM   #41
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Just one pet peeve. Advisors, to me, are impartial by definition and have my best interests in mind.

Salesmen, however, work on commission, and thats what FA are.

My peeve is we don't call a duck, a duck.


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Old 09-14-2014, 02:18 PM   #42
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Originally Posted by karluk View Post
Interesting exchange, but it seems to me that Rustward and MooreBonds have missed an ideal real life opportunity to illustrate their respective approaches to dealing with unwanted referrals. Their exchange could have gone something like this:

Rustward: "Thanks for the advice, MooreBonds, but I prefer not to make any changes to my approach to FA referrals at this time."

MooreBonds: "You're very welcome, Rustward. As for me, I will always prefer my approach to yours."
Lol!
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Old 09-14-2014, 02:50 PM   #43
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Originally Posted by karluk View Post
Interesting exchange, but it seems to me that Rustward and MooreBonds have missed an ideal real life opportunity to illustrate their respective approaches to dealing with unwanted referrals. Their exchange could have gone something like this:

Rustward: "Thanks for the advice, MooreBonds, but I prefer not to make any changes to my approach to FA referrals at this time."

MooreBonds: "You're very welcome, Rustward. As for me, I will always prefer my approach to yours."
+1
Contextomy has always been the tool of those with weak arguments to make their point. Regardless of the validity of the argument it is sad to see it being used here. We should be more grownup than that. Furthermore as Emerson said "a foolish consistency is the hobgoblin of little minds." We learn, we change, we grow, to do otherwise well THAT is foolish.

(Full quote here: A foolish consistency is the hobgoblin of little minds. ~by Ralph Waldo Emerson | Quote Snack
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Old 09-14-2014, 10:18 PM   #44
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I usually tell these types I am a CFA charterholder and they are headed for the next county.
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Old 09-15-2014, 09:13 AM   #45
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It would be trivially easy to put off an FA cold call or referral. But if I eat one of those dinners they buy, I find it slightly harder. I always find an excuse, but I put a bit of mental effort into it.
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Old 09-15-2014, 01:12 PM   #46
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I usually tell these types I am a CFA charterholder and they are headed for the next county.
I'd love to see their faces when you tell them that, lol.
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Old 09-15-2014, 01:58 PM   #47
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+1! I'll go even further to say that this conflict of interest is so deep that it ought to be illegal to be paid from both sides. You can be one or the other, but not both, and the terminology should make which side you get paid from clear.

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Originally Posted by dallas27 View Post
Just one pet peeve. Advisors, to me, are impartial by definition and have my best interests in mind.

Salesmen, however, work on commission, and thats what FA are.

My peeve is we don't call a duck, a duck.


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Old 09-15-2014, 02:12 PM   #48
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Very entertaining reading!
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Old 09-15-2014, 02:53 PM   #49
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I'd love to see their faces when you tell them that, lol.

My Schwab rep is thoroughly cowed.
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Old 09-15-2014, 03:03 PM   #50
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My Schwab rep is thoroughly cowed.
LOL, I imagine so. I only deal with advisor-side folks (in Orlando) and very rarely with Alliance, let alone the regular branch folks...
I'm sure he sweats when he sees your number come up.
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Old 09-15-2014, 05:37 PM   #51
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LOL, I imagine so. I only deal with advisor-side folks (in Orlando) and very rarely with Alliance, let alone the regular branch folks...
I'm sure he sweats when he sees your number come up.
Actually, the dude here in Denver and I have an understanding: He calls once a quarter to briefly inquire if there is anything I need and I politely take his brief phone calls. The dope in NJ mostly got DW on the phone and pestered her, so when I finally picked up the phone he got a less than polite response.
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